CHI: Inflation Still A Problem, And This CEF Should Outperform Traditional Bonds In Real Terms

The Calamos Convertible Opportunities and Income Fund offers a 9.74% yield, outperforming most equity, bond, and convertible indices in current income. CHI's portfolio is heavily weighted toward convertible bonds and junk-rated debt, enhancing real return potential in inflationary environments compared to traditional bonds. The fund's distribution is fully covered by realized gains and rising NAV, signaling sustainability and resilience even amid challenging market conditions in 2026.